July 2008: The Japan Bank for International Cooperation (JBIC) has signed a
Memorandum of Understanding (MOU) with Pakistan's Ministry of Environment and
Japan Carbon Finance Limited (JCF) to promote the Clean Development Mechanism
(CDM) in Pakistan and to support Japanese entities in their acquisition of the
carbon credits generated by the CDM projects.
1 July 2008: Philippe de
Fontaine Vive, European Investment Bank (EIB) Vice-President, has presented the results of a study on climate change in the
Mediterranean and its consequences on the development of Maghreb and Machreq
17 June 2008: The UN Financing for Development Office, UN-DESA and the Friedrich Ebert
Foundation organized an event on “Carbon Taxes - A Tool for Managing Climate Change or a Threat to the
World's Poor?” on 17 June, 2008, at UN
Headquarters in New York.
18 June 2008: The UN Conference on Trade and
Development's (UNCTAD) Working Party on the Medium-term Plan
and Programme Budget met from 16–18 June 2008, in Geneva, Switzerland, and discussed
a work plan for the implementation of the outcomes of the twelfth UNCTAD, held in Accra,
The World Bank has launched a web site on climate change in the Middle East and
North Africa region (MENA).
1 July 2008: The
World Bank's Board of Executive Directors, meeting on 1 July 2008, approved two
Climate Investment Funds (CIFs) following an extensive public consultation
process that culminated with an agreement on the CIFs by 40 developing and
industrialized countries in Potsdam, Germany, on 21-22 May 2008. The establishment of the CIFs was also endorsed by
the G8 Finance Ministers who met in
Osaka, Japan, in June 2008.
17 June 2008: The Congo Basin
Forest Fund, a multi-donor facility established to take action to protect the
forests in the Congo Basin region, was launched in London, UK. The Fund will be
used over a ten-year period, up to 2018, to finance the
Central African Forests Commission (COMIFAC) Action-Plan in ten different
strategic areas aimed at conserving the Congo Basin rainforest.
The thirteenth World Water Congress will take place in Montpellier, France, from 1-4
September 2008, and will be organized under the theme “Global Changes and Water
Resources: Confronting the Expanding and Diversifying Pressures.”
2008: Four parallel meetings took place between 2-13 June 2008, in Bonn,
Germany, under the UN Framework Convention on Climate Change (UNFCCC) and Kyoto
Protocol. The second session of the Ad Hoc Working Group on Long-term
Cooperative Action under the Convention (AWG-LCA), which was launched in Bali,
started its substantive work in Bonn, while the resumed fifth session of the Ad
Hoc Working Group on Further Commitments for Annex I Parties under the
Kyoto Protocol (AWG-KP) began the process of listing issues for further
negotiation, particularly on the Kyoto Protocol's market-based mechanisms and
on carbon sinks.
June 2008: Speaking on the sidelines of the meeting of finance ministers for
the Group of Eight (G8), held in Osaka, Japan, World
Bank President Robert B.
Zoellick presented two new climate investment funds built to support the
UNFCCC's efforts to address the effects of, and mitigate, climate change.